Due to their complexity and their encrypted, distributed nature , blockchain blockchains can be slow and cumbersome. Transactions can take a while to process, certainly compared to “traditional” payment systems such as cash or debit cards.
Read moreIs blockchain better than a database?
Blockchain supports immutability, which means that data once is written cannot be erased or replaced . Immutability means that no data tampering is possible within the network. Traditional databases don’t exhibit immutability and hence are more prone to being manipulated by a rogue administrator or third-party hacks.30 Tem 2021
Read moreIs blockchain a database?
While blockchains can be considered a database, a database is typically not a blockchain . Databases generally don’t use signed blocks to store the data. The blockchain structure makes it virtually impossible for someone to change the data without breaking the chain.
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